The End of LBRY Inc.
(odysee.com)
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The hidden cost of a populace that thinks centralized government creates a level playing field is that honest business will drown and suffocate. Even if Odysee survives the auction, it will lose it's entire purpose.
Now that YouTube is escalating against adblockers, abandoning legal video streaming is a solid option.
Edit: IPFS still exists. Other alternative technologies exist. The signal to noise ratio of the mainstream web continues to deteriorate, possibly to the point where a critical mass of dissatisfied web surfers flee to sustain alternatives. Hopefully within my lifetime.
Edit 2: Random example of actual alt-tech, and its current hurdles.
There is no technological solution to social problems. You have to pull the corruption out from the roots, not just build ever higher into the sky and hope to outrun it.
The penalty for treason should be SEVERE. Or the traitors learn how to take your rights next time.
It used to be
Death should be the starting point for treason.
This was an American company trying to work within the law and attract some ordinary audiences along with the political refugees. Technology just isn't an easy solution, but it still has a part to play in upsetting the social cycle. My bet is against for-profit streaming, at the very least.
Government claims another competitor to its monopoly
Video streaming sites are not financially viable. Youtube, Twitch, etc are run at a loss for the sake of getting market share and suffocating competitors. Funding an entire industry for over a decade at a loss is not done for the sake of philanthropy.
It still stings that this was due to regulatory interference, and odysee didn't get a fair shake. Rumble might eventually pull a profit, but it's far less preferable than the former.
I certainly prefer Odysee's UI to Rumble, but almost certainly what happens now will be that some hedge fund or shadowy globalist consortium will buy it and they'll wear its free speech credentials like a second skin until election season hits and they drop the hammer.
I say they're not profitable, but that may have changed in recent years as tech has gotten better. However, the amount of marketshare entrenching still makes it hard for upstarts to compete since the users and content are significantly more important than the tech and infrastructure, which can only be marginally improved upon.
Their player app could only show one video at a time, no tabs. The only way to play more than one video is to queue up a bunch while the video you're watching is in a miniplayer. No pausing and switching back/forth. So Odysee website was 1000% better.
The cache had no maximum size so you couldn't just say "ok here's 50 GB" and have it keep the most popular/new content.
I guess they were distracted by the SEC lawsuit, but these simple things kept me from donating bandwidth even though I tried. It was just too annoying.
RIP. The writing was on the wall over a year ago when Biden's unconstitutional SEC decided to go after their main selling point. The LBRY coin would let creators monetize and viewers support a parallel economy. We can't allow that. Odysee doesn't have any technical superiority over Rumble beyond that.
Lbry and Brave were the only 2 corps I'm aware of rolling out their own coins that attempted something productive with their coin. I could find a few others if I spent an hour searching. I'm sad because Odysee was half way to the kind of content and presentation I wanted, which is c. 2007 Youtube. Rumble is some sort of divergent path for television 2.0 with partnership deals and the like. I hope Rumble remains viable as Youtube competition, but that's a very small yet ordinary slice of YT's audience
Brave Rewards doesn't go all the way in reforming the marketing industry, so you get irritating ads. Fixing that is a multi-trillion dollar problem. You also have to sign up for a KYC exchange, that's not Kraken, to fully utilize Brave's crypto offering. It will be very tragic for the intermediate user if Brave Inc. also suffers financial roadblocks.
Wait what? What is this SEC filing against LRBY, i wasnt aware the government was suing them, Over what?
Securities vs. commodity classification that many cryptocurrency companies have been targeted over.
Is that the thing where they complained about failing to follow regulations that hadn't even been written yet?
Just the way government likes it.
The SEC has a major stick up their ass about Cyrpto right now which is a very legal grey area as it's not even considered "Currency" under US law.
They are doing it not for any regulatory or safety reason they are doing it to bring everything under control for competition with the US issued upcoming digital currency.
Well that really sucks
One of the biggest lies in history is the idea of the 'natural monopoly'. Every single monopoly that has ever existed was the result of government getting involved, added massive amounts of regulations, and interfering with free market. I highly recommend reading Dominick T. Armentano's book "Antitrust and Monopoly: Anatomy of a Policy Failure" if you haven't dissuaded yourself of the notion that government prevents such things.
Not to put too fine a point on it, but I didn't even know LBRY existed.
Goddammit, I really liked the UX design on their site. It was my go-to alt tech video platform.
So am I reading this correctly and they basically ran out of money? More and more it seems like no one can make video hosting a profitable enterprise, so it's all doomed to a similar fate. Doubly so now that interest rates are through the roof, which means a lot less venture capital going around to even get such a project off the ground.
Well that just fucking sucks.